Display Driver Market to Grow at Highest CAGR for OLED Displays During 2018-2023

1. MarketsandMarkets Presents Display Driver Market to Grow at Highest CAGR for OLED Displays During 2018-2023 Display Driver Market by Driver Type (DDIC, TDDI), Package Type (COF, COG), Device (Smartphone, Television, Automotive, Smart Wearables, HMD, Monitor), Display Technology (LCD, OLED), Display Size, and Geography - Global Forecast to 2023 https://www.marketsandmarkets.com/Market-Reports/display-driver-market-60452441.html

2. According to the new market research report on "Display Driver Market by Driver Type (DDIC, TDDI), Package Type (COF, COG), Device (Smartphone, Television, Automotive, Smart Wearables, HMD, Monitor), Display Technology (LCD, OLED), Display Size, and Geography - Global Forecast to 2023", published by MarketsandMarkets™, the Display Driver Market is estimated to grow from USD 7.1 billion in 2018 to USD 9.1 billion by 2023, at a CAGR of 5.1% between 2018 and 2023. Increasing demand for OLED and flexible displays and highly priced and advanced display drivers contribute significantly to the growth of the display driver market. Growth in the use of 4K and 8K televisions and availability of UHD content and evolving role of DDICs in individual components and single integration chips also drive the growth of the market for display driver ICs. Browse 36 market data Tables and 77 Figures spread through 153 Pages and in-depth TOC on "Display Driver Market - Global Forecast to 2023"

3. LCD displays to account for major share in display driver market during forecast period LCD displays are likely to hold a major share in the display driver market during the forecast period. Construction of Gen 6 and above facilities by Chinese players, with government support in terms of finance and land offerings, can have significant impact on the global display panel market. China is emerging as a leading country in terms of LCD display production due to the closure of several LCD manufacturing facilities by Samsung and LG Display in the last 3 years. Ask PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=60452441 Display driver market for smart wearables to witness highest growth during forecast period The display driver market for wearables devices (smartwatches and AR/VR HMDs) is expected to grow at the highest CAGR between 2018 and 2023. Wearables have emerged as a new driving segment in the global display panel market and are used in applications such as consumer, infotainment, military, fitness and gaming, industrial, lifestyle, and healthcare. Demand for smart wearables, especially AR/VR HMDs, is expected to increase rapidly during the forecast period and subsequently boost the display driver market.

4. South Korea to hold largest size of display driver market during forecast period South Korea is expected to account for the highest market share of the display driver market during the forecast period. South Korea accounts for more than 95% of total OLED display panel production owing to which demand for a majority of OLED-based display drivers is emerging from South Korea. With huge investments from Samsung and LG Display in OLED technology and their production expansion, South Korea is expected to dominate the market, in terms of size, during the forecast period. Request Free Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=60452441 Key players in the display driver market are Samsung Electronics (South Korea), Novatek Microelectronics (Taiwan), Synaptics (US), Himax Technologies (Taiwan), Silicon Works (South Korea), Sitronix Technology (Taiwan), Raydium Semiconductor (Taiwan), Magnachip Semiconductor (Luxembourg & South Korea), FocalTech (Taiwan), MediaTek (Taiwan), and ROHM Semiconductor (Japan).

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